theoretical models and a survey of institutions involved in securitization. With the conclusions of this analysis we evaluate the …

understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main … to securitize that are in line with observable behavior of market participants. US banks use securitization mainly as … and performance improvement. For German banks securitization seems to be an appropriate funding tool. The proposed …

securitization or if they choose vertical slice retention instead of retaining the equity tranche. Moreover, the relevance of credit …

Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This … paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that …/08 ; Bank Regulation ; First Loss Position ; Rating Process ; Securitization ; Transparency …

securitizers unrestricted by regulations governing traditional lending and securitization. Eager to take profits in an originate …

securitization practices had a prominent role. The securitization of assets, especially, mortgage loans, is a form a financial … securitization of loans, banks may transfer the credit risk to the final investors and, therefore, they have no incentive to make a … strict assessment of the risk of insolvency. In this context, it seems that securitization of the sub-prime mortgages …

attention from the underlying breakdown of incentives. Incentive conflicts explain how securitization went wrong, why credit …